Experience as Deputy General Manager Finance

• Employer

  K-Electric Ltd

• From

  17 June 2019

• To

  06 November 2019

• Detail

  Appointed in Business Finance Function responsible for providing Business Partnering to Power Purchase Department (PPD) with regard to its dealing with Power Producers, Power Purchase Agreements (PPAs) and exploring new power generation opportunities.
  
  Responsibilities at K-Electric
  
  Contracts Management:
  Ensuring KE interests are best safeguarded through review and benchmarking of PPAs.
  Ensure compliance with existing PPAs, and participate in meetings with Power Producers (IPPs) and lawyers.
  In coordination with Power Purchase Department ensuring compliance of Regulatory (NEPRA) requirements with regard to all kind of dealings with Power Producers and PPAs.
  Ensuring issues related to Invoicing/payment/settlement are timely resolved in the best interest of KE.
  Reviewing and processing of project, IPPs and other invoices and ensuring compliance with contracts/ POs.
  Ensure timely and accurate recording of accounting transactions related to power purchase in books of accounts.
  
  Project Evaluation:
  Evaluating potential Power Generation Projects with different fuels (coal, gas, furnace oil) and financing (equity and debt) options.
  Maintain and develop various financial models and standard templates for use during the planning processes, ensuring quality, accuracy and focused analytic review.
  Preparing detailed project cost budgets for presentation to management during feasibility stages.
  Preparing different scenario-based analysis and their implications on the Project IRR.
  
  Budgeting and Controlling:
  Reviewing and controlling financial/ commercial activities of user departments.
  Analyse and review CAPEX and REVEX Budget for user department with Business Plan and ensure that unbudgeted transactions are minimized along with regular monitoring and controlling to rationalize budget spend.
  Monitoring variances; identifying trends; recommending actions to management.
  
  Reporting / MIS / Analytics:
  Monthly Finance report for CFO including Capex spending and commitment reports.
  Describe an insightful use of financial analysis techniques, tools, and concepts, to provide practical counsel to the management to drive business results, be the first point of contact for issues and questions.

Experience as Manager Finance (Head of Finance)

• Employer

  Mabani Steel LLC

• From

  17 July 2016

• To

  13 June 2019

• Detail

  Mabani Steel is one of the major designer, fabricator and erector of Structural Steel Buildings with a production capacity of 72,000 Metric Tons per year of Pre-Engineered Buildings and 48,000 Metric Tons per year of Hot Rolled Structural Steel.
  
  Rejoined Mabani Steel as an Assistant Manager Finance, later on promoted to a position of Head of Finance.
  
  Responsibilities at Mabani
  
  Heading Finance, Credit Control and Commercial Departments.
  Serving as a member of Executive Management Team.
  Assisting CEO in developing business strategies including short and long terms business plans.
  Decision making on day to day financial and commercial issues of ongoing / new projects and other organizational matters.
  Key contributor in setting up group policies and responsible for ensuring implementation and compliance across the organization.
  Design, implement and monitor cost optimization program across the company with a view to save costs on non-value adding activities and to maintain price competitiveness of company products.
  Organizing Budget preparation meetings, setting targets in coordination with other departments considering short and long term vision of the company and the Group.
  Managing a company's financial accounting, monitoring and reporting systems and making sure that monthly, quarterly and annual financial reporting deadlines set by the Group are met with quality reporting.
  Presenting entity’s results to board management in Monthly Business Review Meetings.
  Interpreting company's financial results to management and recommend improvement activities.
  Close monitoring of key performance ratios including but not limited to DSO, DIO, DPO etc.
  Leading VAT implementation process including attending workshops & conference calls with consultants, training financial & non-financial staff, liaising with IT for development of VAT system, filing of VAT return.
  Payroll processing and management.
  Review and monitoring of cash flows to ensure availability of funds for working capital and short/long term liquidity requirements.
  Managing existing financing facilities with the banks and negotiating for new facilities with the banks to meet upcoming business requirements which includes funded / non-funded projects financing and general working capital financing lines.
  Ensuring minimum financing cost and exchange losses to the company by making the best utilization of funds and facilities, hedging currencies and placing funds as and when required.
  Liaising with internal and external auditors. Monitoring preparation of audit schedules and supervising of the audit process.
  Overseeing financial department employees, including managers, accountants, financial assistants, accounting clerks and department secretary.

Experience as Senior Cost and Financial Accountant

• Employer

  Technical Supplies & Services (TSSC) LLC

• From

  10 March 2013

• To

  14 July 2016

• Detail

  TSSC is the largest manufacturer of insulated panels for roofing and cladding in the ME and produces a range of building materials such as cladding sheets, seamless roofing systems, unitized glass systems, aluminium doors and windows, cold rooms, refrigerated vehicles prefabricated shelters/cabins and houses, stainless steel kitchen equipments, racking systems and metal sheds.
  Appointed as a Cost Accountant, in recognition of good performance promoted to a position of Senior Cost and Financial Accountant.
  
  Responsibilities at TSSC
  
  Cost Accounting, Analysis and Reporting
  Successfully implemented standard costing system in various divisions.
  Involve in routine cost accounting tasks such as cost estimation, pricing of new and proposed products; planning, collecting and studying data to determine accurate product costing and updating Bill of Material (BOM) in system accordingly; analyzing changes in product design / specification and manufacturing process to establish its impact on cost; control of material, labor and overhead cost and measuring efficiencies by comparing actual results with standards; checking / approval of each job estimation prepared by sales estimation teams and ensuring each project is taken at acceptable margin and material to sales price ratio should not exceed the defined limits; review / approval of subcontract agreement and payments.
  Preparing and issuing various reports of sales and production with useful comparisons to production, divisional sales teams and management committee for effective monitoring, control and decision making.
  Assist executive leadership team on special projects that require financial analysis.
  
  Inventory Management
  Review of all inventory requirements by clearing / approval of all material requisitions and local purchase orders to ensure all purchases are complying with plan and purchased at competitive prices.
  Organize and supervise stock count activity to ensure system gives fair view of physical stocks.
  Budgeting
  Preparation of divisional performance budget and monitoring it by comparing with actual results on regular intervals.
  Annual review of all products to set standards as part of budget process.
  Controlling expenses and aligning with the budget control procedures.
  
  Fixed Asset and Capital Work In Progress
  Handle fixed assets books of accounts. Maintains and updates the detailed Fixed Asset Register for original cost and accumulated depreciation for proper recording of all fixed assets of the company.
  Maintaining capital work in process account. Maintains and updates the Capital Expenditures Status Report and prepares the monthly budget variance to ensure items requisitioned are part of the approved capital expenditure budget and to provide information on the used and unused portion of the budget.

Experience as Cost Accountant

• Employer

  Mabani Steel LLC

• From

  20 November 2011

• To

  07 March 2013

• Detail

  Responsibilities at Mabani
  
  Cost Accounting
  Assist in month-end closing by validating the cost of goods produced sold and prepare journal entries as necessary.
  Update labor and burden standard costs in a system and ensure all costs are classified and recorded accurately and timely.
  Prepare and Analyze project wise cost of goods produced and sold report.
  Booking of scrap and preparing monthly scrap vs. production analysis report.
  Allocation of production overheads to projects worked on during the month.
  
  Financial Accounting and Reporting
  Involve in the monthly closing process from finalization of monthly shipment (sales), cost of sales and other expenses.
  Review petty cash details received from area offices.
  Monitoring and control of various accrued and pre-paid expenses like insurance, subcontractor costs etc.
  Responsible for providing financial data to govt. authorities, financial institutions, insurance brokers etc.
  Develop Product Line wise Monthly Sales Revenue Analysis Report and Monthly Production and Shipment Cost Breakup.
  Assist with preparation of annual audit schedules and coordination of the audit process.
  
  Inventory Management
  Analyzing movement of all inventory items from purchasing to selling with regard to both quantities and values.
  Coordinate physical inventory counts and investigate variances and resolve issues.
  Reconcile perpetual vs. GL inventory balances and supervise all the inventory related issues in the ERP System (EPICOR).
  Verify closing work in process and finished goods at every month end and perform value testing on random sampling basis.
  Develop various ERP (EPICOR) reports in close coordination with IT department for the effective monitoring and control.

Experience as Assistant Manager Finance

• Employer

  K-Electric Ltd

• From

  08 June 2009

• To

  11 November 2011

• Detail

  Joined as a Finance Trainee, working with a team of veteran Chartered Accountants. Based on outstanding performance within a short span of time promoted to a position of Assistant Manager (Finance / RPD / SAP-ISU).
  
  Responsibilities at K-Electric
  
  Management Reporting
  Preparation of monthly group reporting package to be reviewed by management.
  Prepare monthly performance monitoring report which includes brief information regarding sales, recovery, performance against budget and same period of last year, to be used by senior management for decision making.
  Budgeting, Forecasting and Variance Reporting
  Prepare sales and recovery budget and communicate it to the concerned departments.
  Comparison of actual performance with budget and perform in-depth analysis of variances found.
  Prepare variance exception report every month, highlight abnormal trends and their reasons and report to senior management.
  Billing trends and Recovery Ratios and prepare aging of the different classes / types of consumers.
  
  Involved in various activities of Revenue Protection Department (RPD)
  Involved in designing sales system on Oracle Financial in liaison with IT application team and custom designed and obtained multiple reports from IT department for the review of sales and recovery on a day to day and monthly basis.
  Member of RPD Allowance Committee responsible for writing off of bad debts and monitoring and follow-up of court cases.
  
  ERP (SAP) Implementation Project
  Member of team responsible for implementation of SAP-ISU in the organization and was mainly responsible for the reconciliation and validation of data migrated from legacy system to SAP-ISU.